Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Anthony F. Marone, Jr. sold 508 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $10,515.60. Following the completion of the transaction, the chief financial officer now owns 66,613 shares of the company's stock, valued at $1,378,889.10. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Blackstone Mortgage Trust Stock Performance
Shares of BXMT traded up $0.58 during mid-day trading on Friday, reaching $20.45. 1,452,574 shares of the company were exchanged, compared to its average volume of 1,738,617. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.09. The stock has a market capitalization of $3.51 billion, a PE ratio of -17.48 and a beta of 1.52. The business has a 50 day simple moving average of $18.83 and a two-hundred day simple moving average of $18.68.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. On average, analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 9.19%. Blackstone Mortgage Trust's dividend payout ratio is currently -160.68%.
Analyst Upgrades and Downgrades
Several research firms have commented on BXMT. UBS Group increased their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods increased their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.67.
Check Out Our Latest Stock Analysis on BXMT
Institutional Investors Weigh In On Blackstone Mortgage Trust
Several large investors have recently added to or reduced their stakes in BXMT. Norges Bank acquired a new stake in Blackstone Mortgage Trust during the fourth quarter worth approximately $35,662,000. Balyasny Asset Management L.P. grew its stake in Blackstone Mortgage Trust by 39.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock valued at $49,315,000 after acquiring an additional 801,083 shares during the period. Blackstone Inc. grew its stake in Blackstone Mortgage Trust by 8.2% in the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock valued at $149,752,000 after acquiring an additional 652,537 shares during the period. Millennium Management LLC grew its stake in Blackstone Mortgage Trust by 473.3% in the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock valued at $10,882,000 after acquiring an additional 516,023 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $8,118,000. Institutional investors and hedge funds own 64.15% of the company's stock.
About Blackstone Mortgage Trust
(
Get Free Report)
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.
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